Economy

Cards (15)

  • What economic problems did Mary I face that were similar to those faced by Northumberland?
    Mary I faced the same economic problems as Northumberland.
  • What action did Mary I take regarding Crown Lands?
    Mary gave the Crown Lands away and needed to find alternative methods for revenue.
  • What was the purpose of restoring the Exchequer under Mary I?
    The restoration aimed to take over the Court of First Fruit and Tenths and the Court of Augmentations.
  • What was the Book of Rates 1558 and its impact on custom revenue?
    The Book of Rates 1558 increased custom revenue from £29,000 to £85,000.
  • What was Mary I's plan regarding debased coins?
    Mary planned to remove debased coins that had no value.
  • What was the outcome of Mary I's plans regarding debased coins?
    Mary died before her plans had any significant effect.
  • What significant agricultural issue occurred in 1556 and 1557 during Mary I's reign?
    There was a bad harvest in 1556 and 1557.
  • What health crises affected the population during Mary I's reign?
    Illnesses such as sweating sickness, plague, and influenza epidemics spread during this time.
  • What action did the government take regarding industries during Mary I's reign?
    The government tried to restrict the movement of industries from towns.
  • Why did Mary I's government need new industries?
    New industries were needed to replace the Antwerp market for trade.
  • What was the Poor Act of 1555?
    The Poor Act of 1555 licensed beggars to wear badges.
  • What was the purpose of the badges required by the Poor Act of 1555?

    The badges were meant to shame local community members into donating more alms for poor relief.
  • What requirement did the Poor Act of 1555 impose on those with means?
    Those with means were required to pay a poor relief rate collected by a parish.
  • What were the consequences for those who refused to pay the poor relief rate under the Poor Act of 1555?
    Those who refused were to be fined.
  • What did the poor relief rate fund according to the Poor Act of 1555?
    The rate funded assistance for the aged, poor, impotent, and decayed persons.